Shares & Derivatives
Stock Pick – SPH
By Stock Market  •  July 3, 2012
Will  SPH's gap be filled or closed? From Stockcharts.com, "There is an old saying that the market abhors a vacuum and all gaps will be filled. While this may have some merit for common and exhaustion gaps, holding positions waiting for breakout or runaway gaps to be filled can be devastating to your portfolio. Likewise, waiting to get on-board a trend by waiting for prices to fill a gap can cause you to miss the big move. Gaps are a significant technical development in price action and chart analysis, and should not be ignored." As shown on the chart, SPH is just 0.01-0.02 away from filling the immediate gap (highlighted in pink). Since April 2011 onwards, SPH has been able to close its gap (highlighted in yellow). What is more interesting to look out for is the possibility of it filling the gap created on 9 Dec ......
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By Stock Market
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